The startup plans to deploy the funds in building its core team, upgrading technology and expansion to newer cities in the next six months. Qdesq claims all its properties are located at prime locations with WiFi access and flexible terms and tenure for a fixed priceAditi Shrivastava | ET Bureau | January 06, 2016, 07:54 IST

BENGALURU: Branded workspaces aggregator Qdesq has raised an undisclosed seed investment in a funding round led by Redcliffe Capital’s partner Dheeraj Jain. Other investors in the round included former Du-Pont executive Jagdish Kumar, and high networth individuals Bharat Gupta, Ankush Saigal and Praveen Saini. Jain has also invested in other branded real estate platforms. Qdesq aggregates workspaces as per predefined standards and specifications.

Its inventory consists of own branded and managed workspaces as well as verified third-party listings. The startup plans to deploy the funds in building its core team, upgrading technology and expansion to newer cities in the next six months. Qdesq claims all its properties are located at prime locations with WiFi access and flexible terms and tenure for a fixed price.

The startup, which has 23 live properties in Delhi and Gurgaon, plans to add 100 properties in the next six months and expand to at least six cities including Bengaluru, Hyderabad and Mumbai. “Qdesq.com is an opportunity to the workspace providers including corporate offices, business centres, hotels, co-working spaces to monetize their unused workspace inventory of workstations, meeting rooms, cabins and private offices,” said Arora.

The Delhi-based company was founded in October 2015 by Paras Arora, 36, alumini of London Metropolitan University and IIT-Delhi alumnus Lavesh Bhandari, who is 27. Co-working spaces, which are growing in demand by the day, are proving to be a profitable and even scalable venture. Other startups in the space include 91Springboard, Social Offline, Regus, BHiVE', TechHub's Bengaluru branch and Bengalurubased Cobalt.